Pengana Private Equity Trust
PE1.AX
Australian Securities Exchange- -
AUD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Russel Craig Pillemer
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Level 12 Sydney NSW Australia 2000
- IPO Date
- Apr 30, 2019
- Website
- pengana.com
- Similar Companies
- Business
- Pengana Private Equity Trust (PE1.AX) is a listed investment trust that provides investors with exposure to a diversified portfolio of private equity investments. The trust offers units traded on the Australian Securities Exchange (ASX), delivering access to mid-market private companies across sectors including technology, healthcare, industrials, consumer goods, and business services; it employs a primary strategy of direct co-investments alongside leading global private equity managers, secondary investments in existing private equity funds, and selective direct investments in unlisted Australian companies. Headquartered in Sydney, Australia, and founded in 2020, the trust operates primarily in Australia and New Zealand, with underlying investments spanning North America, Europe, and Asia-Pacific targeting institutional-quality opportunities for long-term capital appreciation. The trust's portfolio includes notable holdings such as Integrity360 (a cybersecurity firm), Link Group (a financial services provider), SiteMinder (hospitality software), and Tortice (transportation logistics), alongside fund investments with managers like Blackstone, Carlyle, and KKR. Pengana Private Equity Trust maintains a target portfolio of 25-35 investments, with a focus on companies valued between AUD 50 million and AUD 500 million at entry, emphasizing growth-oriented businesses with strong management teams. It serves wholesale and retail investors seeking private equity returns without the complexities of direct illiquid investments. In recent developments, the trust completed a significant oversubscribed equity raise in 2023, expanding its capital base to support new deployments; it announced a strategic partnership with HarbourVest in 2024 to enhance secondary investment capabilities and co-investment pipelines. Additionally, in mid-2025, Pengana launched an enhanced liquidity facility for unitholders and reported strong portfolio performance driven by exits from holdings like SiteMinder and realizations in secondary positions. These changes reflect the trust's ongoing evolution toward greater scale, diversified access to top-tier private equity, and improved investor liquidity amid favorable market conditions for private equity fundraising and distributions.